Record Growth for Quorum in 2013

Quorum, Inc., provider of one-click backup, recovery and continuity for the midmarket, closed out 2013 on a high note with a number of notable achievements.

The latter half of the year has been characterized by record growth, new funding, overseas expansion, additional marketing and engineering hires, and more, altogether illustrating the company’s momentum as it moves into a new year.

Record Growth, New Funding
Quorum entered 2014 with a solid foundation stemming from exponential growth. The company also secured another $10 million in funding in a Series C round led by Toba Capital. The round will be used to expand sales of its one-click backup, recovery and continuity appliance and DRaaS(DR as a Service) solutions, and support additional headcount in engineering as demand for DR solutions grows.

Expanded Footprint in EMEA Meets Global Demand for DRaaS
Domestic success is spreading across the globe as international midmarket businesses recognize the importance of one-click, instant recovery of data, applications and systems. With several partnerships already formed in EMEA, the company has the beginnings of a solid foundation in the region. Now, by establishing its first physical overseas location in the United Kingdom, Quorum is building out a business through its channel and meeting international demand for its solution. Indeed, this demand is skyrocketing: Gartner predicts that the worldwide DRaaS and BC market will see a 55.2% CAGR over the next five years.

“There is a growing number of solutions available to meet the explosive demand for DRaaS,” said Gurdip Sohal, MD, Covenco Recovery Services Ltd. “But we’ve found that only Quorum’s DRaaS solution provides the assurance our customers need to face any kind of downtime quickly, confidently, cost-effectively, and without any negative affect to their revenue or reputation.”

“Midmarket businesses stand to lose thousands of dollars in revenue after suffering any length of system downtime,” said Yaron Gisin, CEO, Wise Solutions LG Ltd., a Quorum partner in Israel. “Through our partnership with Quorum, we have the benefit of offering our valued customers a proven DR solution that delivers one-click backup, recovery and continuity a marked difference as compared with traditional solutions. Quorum’s solution is the industry’s only one to ensure revenue, customers and reputation are effectively safeguarded.”

“Like any midmarket business, we can’t afford to compromise our revenue or reputation after suffering even 30 minutes of downtime due to a disaster,” said Victor A. Adelegan, network administrator, Ascon Oil Company in Nigeria. “With Quorum, we have a reliable solution that eliminates expensive, prolonged downtime with one click, resulting in uninterrupted service to our customers.“

Additions to Executive Team, Engineering Group
Two new additions to executive team also contribute to the company’s momentum. VP marketing John Gallagher brings more than 20 years of experience in product marketing, pipeline management and thought leadership to his new role at Quorum. Throughout his career, he has led marketing teams at DataDirect Networks, LSI, Cadence and EMC/Isilon, as well as start-ups Synplicity and Meru Networks.

Kemal Balioglu has been hired as VP of products. He has spent more than 15 years in the software industry at start-up and Fortune 100 companies. Prior to Quorum, he held positions at Symantec, Shavlik Technologies and Siemens.

Quorum also continues to expand its engineering team with new hires, reflecting an ongoing focus on meeting demand in DR.

“Quorum’s growth reflects the strength of our one-click innovation as well as the focused execution of our operational plan,” said Walter Angerer, interim CEO, Quorum. “We’ve now entered 2014 with a solid foundation, and the knowledge that this year holds countless possibilities for new innovations that will drive additional successes.”